What’s Next For The U.S. Economy: Bill Spriggs

20

Bill Spriggs, chief economist to the AFL-CIO, says economists must do “a huge amount of work” to eliminate racial biases from their profession. He explains how the U.S. economy faces two crises: a health crisis from the coronavirus pandemic and a longer-term recession as millions of Americans have lost their jobs. Spriggs says the Federal Reserve needed to take aggressive action to help the economy and adds Congress should institute policies like a minimum wage to boost the working class.

» Subscribe to CNBC: https://cnb.cx/SubscribeCNBC
» Subscribe to CNBC TV: https://cnb.cx/SubscribeCNBCtelevision
» Subscribe to CNBC Classic: https://cnb.cx/SubscribeCNBCclassic

About CNBC: From ‘Wall Street’ to ‘Main Street’ to award winning original documentaries and Reality TV series, CNBC has you covered. Experience special sneak peeks of your favorite shows, exclusive video and more.

Connect with CNBC News Online
Get the latest news: https://www.cnbc.com/
Follow CNBC on LinkedIn: https://cnb.cx/LinkedInCNBC
Follow CNBC News on Facebook: https://cnb.cx/LikeCNBC
Follow CNBC News on Twitter: https://cnb.cx/FollowCNBC
Follow CNBC News on Instagram: https://cnb.cx/InstagramCNBC
Subscribe to CNBC PRO: https://cnb.cx/2NLi9AN

#CNBC

What’s Next For The U.S. Economy: Bill Spriggs

source

RELATED ARTICLESMORE FROM AUTHOR

20 COMMENTS

  1. Just do something that will make you money whilst you sleep, no matter how little… This pandemic has been a perfect eye opener for us all to really see how life can be without your usual income stream. It's recommendable for you to have a side hustle. The best thing you can do for yourself is to find a way to make money even while sleeping especially now we have to work and earn from home, Having different streams of making money is the solution to survive. And I've been doing that by investing in the stocks, bitcoin and dividends. I've earned impressive profits I can't mention here working with Mr. Young through his registered investment company. Kindly reach out to him via email linyoun56g@gmail or via
    Instagram @you_ngli .The rich see an economic crisis as the perfect time to invest, they're a step above others because they see an opportunity where others don’t

  2. Will a "blame China" tactic work? This old "blame Jews" trick used by Hitler before…
    "cnbc has more economists than there is money in the world" – more opinions is better than just listening to Trump's Blame China Symphony…

  4. The best way to boost the economy is to save the 3trillion and gives every worker $5 each hour they spend at work so if your employer pay you $15 per hour plus the $5 from the government you will make 20 per hour, only that will motivate people to work and also earn it while helping our economy

  6. CNBC is a so BIASED! They always have "experts" who push a leftist agenda and there is NEVER any debate from a different perspective. Also the reporter here keeps smiling for no reason. It's so unprofessional.

  7. Its going to get worse for employees. Big Corporations have already announced payment cuts and/or suspensions. We are in the endgame where a very few will soon discover that poor people dont spend money.

  15. Printing money is not without consequences. Inflation will be manifest in some places in the US, some places abroad. One manifestation is destabilization due to ineffective QE. There’s a need for better governance, civic spending, excellence and altruism.

  19. Whenever intelligent people speak intelligently they are often vilified and marginalized. Dr. William Spriggs, in articulating why and how our current economic system of instability and inequity may collapse onto itself, is warning us that difficult changes are both necessary and forthcoming.

Comments are closed.